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so romney was right. but on medicaid, where romney said it wasn't wouldn't be a cut twould be inflation plus 1% and obama said it would be a 30% cut. there was an independent study by bloomberg. they say that romney's medicaid proposal, $1.26 trillion loss in medicaid over 10 years under the romney plan. so there were facts and some loose arguing of the facts am but an interesting debate. i am not sure a game changer, but a good night for romney, a little less so for the president. >> thank you. bret, at the beginning of the show, you were jealous of me because i was with the action and now you are with the action. >> yes. chris wallace has good analysis and he can pick good times. coming up, charles krauthammer on who came out on top. he joins us after this break. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so
so romney was right. but on medicaid, where romney said it wasn't wouldn't be a cut twould be inflation plus 1% and obama said it would be a 30% cut. there was an independent study by bloomberg. they say that romney's medicaid proposal, $1.26 trillion loss in medicaid over 10 years under the romney plan. so there were facts and some loose arguing of the facts am but an interesting debate. i am not sure a game changer, but a good night for romney, a little less so for the president. >>...
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romney is up right. >> here barack obama is dropping his focus. he's beginning to drop away from mitt romney. and here he comes down to his paper. >> reporter: she says president obama dropped his posture often, especially late in the debate. that was a signal to many viewers that romney got the better of him. brian todd, cnn, washington. >>> a sharp drop in the jobless rate. what does it mean for president obama and the economy? that's the power of human resources. the society... for human resource management and its members know... how to harness that power, because we help develop it. from the next economy, to the next generation, we help get... the most out of business, by getting the best out of people. shrm. leading people, leading organizations. >>> it's not an october surprise, but certainly some welcome news for the obama white house, waging what has been an uphill battle against unemployment. this week the labor department reported the jobless rate fell sharply in september to 7.8%. that's the same level it was when president obama took
romney is up right. >> here barack obama is dropping his focus. he's beginning to drop away from mitt romney. and here he comes down to his paper. >> reporter: she says president obama dropped his posture often, especially late in the debate. that was a signal to many viewers that romney got the better of him. brian todd, cnn, washington. >>> a sharp drop in the jobless rate. what does it mean for president obama and the economy? that's the power of human resources. the...
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there is a noise exception right now, though as we welcome president obama and governor romney. [ cheers and applause ] >> jim. >> gentlemen, welcome to you both. let's start the economy segment 1, and let's begin with jobs. what are the major differences between the two of you about creating new jobs? you have two minutes -- each of you have two minutes to start. a coin toss has been determined mr. president you go first. >> obama: thank you very much for this opportunity. i want to thank governor romney and the university of colorado for your hospitality. 20 years ago i became the luckiest man on earth because michelle obama agreed to a marry me. so i just want to wish sweety you happy anniversary, and let you know a year from now we will not be celebrating it in front of 40 million people. [ laughter ] >> obama: four years ago we went through the worst financial crisis since the great depression. millions of jobs were lost the auto industry was on the brink of collapse the financial system has frozen up and because of the resilience and determination of the american people we have beg
there is a noise exception right now, though as we welcome president obama and governor romney. [ cheers and applause ] >> jim. >> gentlemen, welcome to you both. let's start the economy segment 1, and let's begin with jobs. what are the major differences between the two of you about creating new jobs? you have two minutes -- each of you have two minutes to start. a coin toss has been determined mr. president you go first. >> obama: thank you very much for this opportunity. i...
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. >> roll right over alex. >> whoa. >> the washington of romney rolled over the moderator last night? the thing about -- i came to first because i had writ ain't piece for the "new york" magazine, how to act human, giving romney advice. since then i've tried to pursue him, but that's not easy. he's elusive. >> yes. >> he keeps recasting himself, recasting himself. i've tried to flail it down. before last night's event i had come to the conclusion i finally had typecast him, because he can't play a character role, he's not a good enough actor. this is a conclusion i came to. that he is that boss who makes lame jokes at which we are compelled to laugh at peril of our jobs. >> yes. >> and -- >> i don't know any bosses like that. >> last night he more or less erased that image with the significant cooperation of the president, he presented a brand-new, as you said, and different romney relishing the occasion, filled with facts, right or wrong, true or false, but filled with them, and delivered with great conviction and with energy. unfortunately for the democratic campaign, another presid
. >> roll right over alex. >> whoa. >> the washington of romney rolled over the moderator last night? the thing about -- i came to first because i had writ ain't piece for the "new york" magazine, how to act human, giving romney advice. since then i've tried to pursue him, but that's not easy. he's elusive. >> yes. >> he keeps recasting himself, recasting himself. i've tried to flail it down. before last night's event i had come to the conclusion i...
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Oct 7, 2012
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there is a noise exception right now, though, as we welcome president obama... and governor romney. [cheers and applause] >> reporter: gentlemen, welcome to you both. >> gentlemen, welcome to you both. let's start the economy, seth one and let's begin with jobs. what are the major differences between the two of you about how you you go about creating new jobs?w you have two minutes. each have two minutes to start. a coin toss has determined, mr. president, you go first. >> thank you very much, jim, yu for this opportunity. i want to thank governor romnek and university of denver for your are hospitality. there are lot of points i wantr to make tonight but the most important one is that 20 years ago i became the luckiest man on earth because michelle obamt agreed to mary me and i just want to wish sweety, you happyd anniversary and let you know that a year from now we will not be celebrating it in front of 40 million people. people. four years ago, we went through the worst financial crisis since the great depression. millions of jobs were lost. the auto industry was on the brink of
there is a noise exception right now, though, as we welcome president obama... and governor romney. [cheers and applause] >> reporter: gentlemen, welcome to you both. >> gentlemen, welcome to you both. let's start the economy, seth one and let's begin with jobs. what are the major differences between the two of you about how you you go about creating new jobs?w you have two minutes. each have two minutes to start. a coin toss has determined, mr. president, you go first. >>...
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>> well, you are right, governor romney came out. he was aggressive. when do you that, you are always in danger of seeming rude or... pugneighbors. i don't think he d. -- bug -- pugnacious. high seemed to display extraordinary knowledgeability. i don't think president obama had a bad night in the sense that he was way off his game. he was a lot like the president obama we are used to hearing. i don't think he seemed rusty. but i don't think he had the spark or the energy or the precision tonight that governor romney had. governor rom he in a good night. he didn't have a big moment that becomes a sound bite and affects how people look back on the debate. but this was a strong performance by governor romney. he needed one. i think he got it. >> joe? >> i think romney did himself a lot of good tonight. he was there on the issues. he knew his stuff. he didn't back down to the president or the moderator. and he didn't -- he didn't cross the line because you can do that and i think that would have backfired on him. i watched obama debate a lot in primaries w
>> well, you are right, governor romney came out. he was aggressive. when do you that, you are always in danger of seeming rude or... pugneighbors. i don't think he d. -- bug -- pugnacious. high seemed to display extraordinary knowledgeability. i don't think president obama had a bad night in the sense that he was way off his game. he was a lot like the president obama we are used to hearing. i don't think he seemed rusty. but i don't think he had the spark or the energy or the precision...
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it's interesting that they would call that the smirk because romney -- gerri: right there. >> yes, romney's the one famous for the smirk. it's like they are trying to turn the tails saying, look what obama did now. he does smirk, but his smirk is a tightening of the mouth, his way of saying i don't agree with you, and roleny keeps that smirk on the face all the time. both need to work on the neutral expression. that means what do i look like when the other person is speaking so i don't look frustrated or angry. gerri: what are you supposed to do? >> a natural expression, rather than the jaw tensioned up, just have a neutral expression like you are listening. gerri: i like the blink rates. >> typically, what happens when we are anxious, fight or flight kicks in, we blink, get emotionally aroused if you will. the regular rate is anywhere from 17-20 blinks per minute. on tv, upwards of the 40-50 times. once we feel pressure, it goes up in in the debates, obama blinked more than romney did in this situation, but that's the first debate. romney blinks less overall. gerri: yes. i've seen numbers
it's interesting that they would call that the smirk because romney -- gerri: right there. >> yes, romney's the one famous for the smirk. it's like they are trying to turn the tails saying, look what obama did now. he does smirk, but his smirk is a tightening of the mouth, his way of saying i don't agree with you, and roleny keeps that smirk on the face all the time. both need to work on the neutral expression. that means what do i look like when the other person is speaking so i don't...
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there is a noise exception right now, though, as we welcome president obama and governor romney. [cheees and applause] [cheees and applause] >> dimon, welcome to you both. -- gentlemen, welcome to you both. let's begin with jobs. what are the major differences between the two of you about how you would go about creating jobs? each of you have two minutes to start big the coin toss has determined that the president will go first. >> thank you very much, jim, for this opportunity. i want to thank you for your hospitality. there are a lot of. i want to make tonight, but the most important one is that 20 years ago, i became the luckiest man on earth, because michelle obama agreed to marry me. i just want to wish you a happy anniversary and let you know that a year from now, we will not be celebrating it in front of 40 million people. four years ago, we went through the worst financial crisis since the great depression. the auto industry was on the brink of collapse. the financial system -- because of its resilience and the determination of the american people, we have begun to fight
there is a noise exception right now, though, as we welcome president obama and governor romney. [cheees and applause] [cheees and applause] >> dimon, welcome to you both. -- gentlemen, welcome to you both. let's begin with jobs. what are the major differences between the two of you about how you would go about creating jobs? each of you have two minutes to start big the coin toss has determined that the president will go first. >> thank you very much, jim, for this opportunity. i...
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the word for romney was "medicare." and the word for jim lehrer was -- [ fragmented interjections ] [ laughter ] that's right. jim lehrer had trouble making sure the candidates stuck to the rules last night. even nfl replacement refs were like, "this guy's a disaster! [ laughter ] who hires these guys?" of course, obama and romney differed on many subjects throughout the debate. however, there was one moment where they really came together in perfect harmony. check it out. [ humming "whistle" by flo rida ] [ light laughter ] [ humming in unison ] [ humming in unison ] [ cheers and applause ] >> jimmy: flo rida fans. >> steve: yeah, they love flo rida. >> jimmy: they like flo rida, yeah. hey, the highly-anticipated video game, nba 2k13, hits stores this week. it is very realistic. in fact, as soon as you win, a kardashian shows up and marries you. [ laughter and applause ] it's just -- what a great game. >> steve: that's good. >> jimmy: exciting. actually, nba 2k13 has a secret celebrity team that features pauly d and vi
the word for romney was "medicare." and the word for jim lehrer was -- [ fragmented interjections ] [ laughter ] that's right. jim lehrer had trouble making sure the candidates stuck to the rules last night. even nfl replacement refs were like, "this guy's a disaster! [ laughter ] who hires these guys?" of course, obama and romney differed on many subjects throughout the debate. however, there was one moment where they really came together in perfect harmony. check it out. [...
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the right wing romney from the primary fight is no more. this week the etch-a-sketch came alive. the former governor championed centrist principles and got away with it. he keeps this act up. michael steele is a former chair of the rnc as well as an msnbc political analyst and cynthia tucker is a syndicated columnist. thank you. michael, there's on old tradition in politics, you go to your fringe or hard left or hard right to win the primaries and caucuses, and then you start to move slowly so by labor day you're ready to confront the enemy at the center. he didn't do it like that. he stayed right all the way through the summer and maybe masterfully wednesday decided to go with i'm for the 100%. i'm for pre-existing condition coverage, for all this education, all this good stuff. >> i think part of that -- you're right in your analysis, that's exactly what happens politically. i think for the romney campaign they took that strategy, elongated it because they had some shoring up to do with their base. >> can he pull it off? can you make that kind of switcheroo in september? >> i t
the right wing romney from the primary fight is no more. this week the etch-a-sketch came alive. the former governor championed centrist principles and got away with it. he keeps this act up. michael steele is a former chair of the rnc as well as an msnbc political analyst and cynthia tucker is a syndicated columnist. thank you. michael, there's on old tradition in politics, you go to your fringe or hard left or hard right to win the primaries and caucuses, and then you start to move slowly so...
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the second thing to say is it wasn't so much the right, and there were people on the romney side trying to push it. it was the left. it was the left that went crazy on obama! they wanted a grudge match, a cage match. they wanted -- >> that's why even the obama campaign thinks they lost. >> yeah, that's the problem. >> when they come out tend with the spinners, it was all romney people. >> who knew that preparation with joy bearrest would have been a bad idea? spending all that time on the couch. obama had such a rough night that sandra fluke called him to see if he was doing okay. i thought that was pretty touching. i actually felt -- it's the worst possible feeling that you could have is to feel sorry for somebody and i felt like i was watching the washington generals playing the harlem globetrotters. that's a basketball reference. i wanted to make sure you knew that. but i bet at this point, romney's garbage man is voting for him. obama to me, he remained me of homer simpson rolling down the mountain and continually, no matter what he does, keeps hitting his head over and over and ove
the second thing to say is it wasn't so much the right, and there were people on the romney side trying to push it. it was the left. it was the left that went crazy on obama! they wanted a grudge match, a cage match. they wanted -- >> that's why even the obama campaign thinks they lost. >> yeah, that's the problem. >> when they come out tend with the spinners, it was all romney people. >> who knew that preparation with joy bearrest would have been a bad idea? spending...
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and hard pressed states right now can't all do that. we've seen layoffs of hundreds of thousands of teachers over the last few years, and governor romney doesn't think we need more teachers. i do. i think that is the kin of investment where the federal government can help. it can't do it all. but it can make a difference, and as a consequence, we'll have a better trained workforce and that will create jobs, because companies want to locate in places where we have a skilled workforce. >> two minutes, governor. >> massachusetts, our schools are ranked number one in all 50 states. the key to great schools is great teachers. every school district, every state, should make that decision on their own. the role of government, look behind us. the constitution and declaration of independence. the role of government is to promote and protect the principles of those documents. first, life and liberty. we have a responsibility to protect the lives and liberties of our people. that means the military second to none. i don't believe in cutting our mi
and hard pressed states right now can't all do that. we've seen layoffs of hundreds of thousands of teachers over the last few years, and governor romney doesn't think we need more teachers. i do. i think that is the kin of investment where the federal government can help. it can't do it all. but it can make a difference, and as a consequence, we'll have a better trained workforce and that will create jobs, because companies want to locate in places where we have a skilled workforce. >>...
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that is the new focus on the right. romney was making that point. >> forgive me. that is it a complete misinterpretation. i sat there with all due respect. >> you do not have all due respect for me. >> go ahead. >> hospitality. >> you are eating up time here. ok, it is my turn to talk now. >> there is a distinction -- you overlook the distinction. tax rates and tax revenue. when romney is saying -- how plane can i make it? we are going to cut rates. we are not going to reduce the amount of revenue. exactly as what happened in 1986 with the reagan tax reform. you cut the rates, you eliminate deductions, and you end up with the same amount of revenue. it is what was recommended in the commission that obama had appointed. >> there is study after study after study that says even if he succeeded in doing that, it is not enough to achieve the targets we're talking about. what is interesting is, you never ar romney say, no new taxes. you do not hear him say that. >> colby? >> he proposes a 20% across-the- board tax cuts. >> marginal tax rate. >> alternative minimum tax.
that is the new focus on the right. romney was making that point. >> forgive me. that is it a complete misinterpretation. i sat there with all due respect. >> you do not have all due respect for me. >> go ahead. >> hospitality. >> you are eating up time here. ok, it is my turn to talk now. >> there is a distinction -- you overlook the distinction. tax rates and tax revenue. when romney is saying -- how plane can i make it? we are going to cut rates. we are...
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i would go right at the central concern. i would say i would ask, governor, bain capital, which you helped to run, had many successes but it also had many failures. the bering company, the typewriter company, name a list of them. have you ever met, have you ever talked to, do you note names of or anything about the lives of any of the people from those plants that closed as a result of the investments of bain cap signal give me a name, give me a story. >> probably knows the ones the obama campaign ads have mentioned, right? >> probably knows those but those aren't the ones he wants to mention. >> probably doesn't want to bring them up. >> no, probably no. >> no amazing the degree which bain has been a problem for romney. figure this is coming up one way or another, if not from lehrer, certainly obama. i will take my turn, howard, curious what you make of this i would like to hear, i think maybe the most challenging that jim lehrer can ask mitt romney tonight is a simple one. gore nor, tell us one specific policy area where y
i would go right at the central concern. i would say i would ask, governor, bain capital, which you helped to run, had many successes but it also had many failures. the bering company, the typewriter company, name a list of them. have you ever met, have you ever talked to, do you note names of or anything about the lives of any of the people from those plants that closed as a result of the investments of bain cap signal give me a name, give me a story. >> probably knows the ones the obama...
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mitt romney is not a progressive, you're right. who cares. >> i'd repeal dodd frank. we're not going to get rid of all regulation. you have to have regulation. >> cenk: unfortunately, it worked. we'll tell you the results and we'll tell you how it worked on the show. then did president obama take it easy on romney because fox news has been charging him with being an angry black man because of this old clip. >> what is happening down in new orleans? where is your dollar? where is your money? it tells me that some how people in new orleans, they don't care about it as much. >> cenk: that is a really interesting debate. we'll have that on the show. and then toby zeigler from the "west wing"." >> it's not rocket science, it's labeled, but it takes a voter extra ten seconds to find it. >> cenk: how he would have done last night. all that and the elbow of the day. well somebody elbowed themselves. you might have been able to guess it. that's all on "the young turks." guess what time is it? you know it. you guessed that too. it's go time. >> romney: i will not under any circ
mitt romney is not a progressive, you're right. who cares. >> i'd repeal dodd frank. we're not going to get rid of all regulation. you have to have regulation. >> cenk: unfortunately, it worked. we'll tell you the results and we'll tell you how it worked on the show. then did president obama take it easy on romney because fox news has been charging him with being an angry black man because of this old clip. >> what is happening down in new orleans? where is your dollar? where...
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what has been the impact -- i think 47% of the line for romney is going to go right through november. >> i think so, too. the poe yet mayo angelou said it best, if people show you who they are, you should believe them. we need to have a president who fights for the middle class and i think that's the clear contrast that we will see on the debate stage tonight. >> what about next week? this could be the battle of the century but next week we have the light heavyweight. you have biden against ryan. what do you think? >> that's going to be a really clear contrast as well. joe biden has fighting for the middle class and for working families for his entire career for more than 30 years and paul ryan dismisses 30% of the country depending on the welfare state. >> joy, that's going to be a battle of generations. joe has been winning elections since he was 29 back in '72. and now he's out there against this guy that's the new kid on the block. how's it going to look? >> i think people are going to underestimate biden. there he is. he's going to do a gaffe and mess up. what you will see up the
what has been the impact -- i think 47% of the line for romney is going to go right through november. >> i think so, too. the poe yet mayo angelou said it best, if people show you who they are, you should believe them. we need to have a president who fights for the middle class and i think that's the clear contrast that we will see on the debate stage tonight. >> what about next week? this could be the battle of the century but next week we have the light heavyweight. you have biden...
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last night's opening statements set the tone for the debate and mitt romney came right out of the gate with, get this, a joke. let's watch. >> 20 years ago i became the luckiest man on earth because michelle obama agreed to marry me, and so i just want to wish, sweetie, you happy anniversary and let you know that a year from now we will not be celebrating it in front of 40 million people. >> congratulations to you, mr. president, on your anniversary. i'm sure this was the most ro n romantic place you could imagine here with me. congratulations. >> that was, i hate to say it, charming. >> yeah. >> james. >> yeah. >> where did that come from? >> it came from mitt romney. he's rather notorious for telling nox that go over lie lead balloons. this did not. he finally found his groove as far as a comedian is concerned. at least for that moment. >> let's talk about the president. he was the one i think that was the base of most consternation. you know, he was looking down a lot. did he know and what did you think about the fact of that split screen? there we are watching it now. we never didn
last night's opening statements set the tone for the debate and mitt romney came right out of the gate with, get this, a joke. let's watch. >> 20 years ago i became the luckiest man on earth because michelle obama agreed to marry me, and so i just want to wish, sweetie, you happy anniversary and let you know that a year from now we will not be celebrating it in front of 40 million people. >> congratulations to you, mr. president, on your anniversary. i'm sure this was the most ro n...
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, what is the difference -- romney: but i -- right, right. >> moderator: let's just stay on taxes for a moment. romney: virtually everything he said about hi many tax plan is inaccurate. if i was asked to support it, i'd say absolutely not. i'm not looking for a $5 trillion tax cut. what identify said is i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit with my tax plan. number two, i will not reduce the share paid by high-income individuals. i know you and your running mate keep saying that, but it's just not the case. look, i've got five boys. i'm used to people saying something that's not always true but just keep on repeating it and ultimately hoping i'll believe it. [laughter] that is not the case. i will not reduce the taxes paid by high-income americans. and number three, i will not under any circumstances raise taxes on middle income families. i will lower taxes on middle income families. now, you cite a study. there's six other studies that lo
, what is the difference -- romney: but i -- right, right. >> moderator: let's just stay on taxes for a moment. romney: virtually everything he said about hi many tax plan is inaccurate. if i was asked to support it, i'd say absolutely not. i'm not looking for a $5 trillion tax cut. what identify said is i won't put in place a tax cut that adds to the deficit. that's part one. so there's no economist can say mitt romney's tax plan adds $5 trillion if i say i will not add to the deficit...
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would get unemployment lower than it is. >> he said right now we would be at 5.4% unemployment. >> romney pounded joe biden for stating the administration' goal on a trillion dollar tax hike on those making more than 200,000 a year or family 250,000. >> people in the middle class has been squeezed or buried as the vice-president said. and romney's remarks, inelegant. 47%, he renounced it once and for all. >> completely wrong and i absolutely believe, however, that my life has shown that i care about 100%. >> and hoped with those remarks, romney would lay those to rest and close the door on that. to prevent that the democrats were pumping out attack ads to keep it very much. >> bret: carl cameron, on your last point, almost everyone talking about wednesday's debate says mitt romney did pretty well or won, but how he won, that's the question, as carl mentioned, that has entered the post debate spin cycle. >> governor romney may dance around his positions, but if you want to be president, you owe the american people the truth. >> stretching the truth or worse, that's how mitt romney won the
would get unemployment lower than it is. >> he said right now we would be at 5.4% unemployment. >> romney pounded joe biden for stating the administration' goal on a trillion dollar tax hike on those making more than 200,000 a year or family 250,000. >> people in the middle class has been squeezed or buried as the vice-president said. and romney's remarks, inelegant. 47%, he renounced it once and for all. >> completely wrong and i absolutely believe, however, that my...
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said this on television, but need is right. she actually stumbled on the truth. obama is not a good debater. it is not that obama was off his game. that is his game. he does not have a prompter, he is not good. you see this in press conferences, where he does not have a prompter. he had never been good at press conferences. he rambles, the press is always unimpressed with him. this was a situation where yet more control of the debate, because he picks the questionnaire, and he can decide how long he wants to take for the answer. his only advantage in the next debate will be this. it will be in a town hall. he has got more ability to connect with an audience than romney. he will have an advantage in the second debate that he did not have been the first. >> would you rather be good or lucky? 7.8% unemployment rate. that is pretty good news. >> unless you look at the actual numbers. if you look at those with new jobs, about 114,000. you have to have 150,000 to stay at the same rate. what has been happening is you have people leavi
said this on television, but need is right. she actually stumbled on the truth. obama is not a good debater. it is not that obama was off his game. that is his game. he does not have a prompter, he is not good. you see this in press conferences, where he does not have a prompter. he had never been good at press conferences. he rambles, the press is always unimpressed with him. this was a situation where yet more control of the debate, because he picks the questionnaire, and he can decide how...
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it really is stunning to try to fact check romney, right? >> the one that got me was the revenue reducing tax cut, and talk about this resulting growing of the base and, you know, it's -- it's so interesting that -- that the revenue-neutral concept is pretty much just nomenclature they are suggesting that as the tax base grows, in the future we'll recover revenues and therefore the tax cut will be paid for. well that sounds an awful lot like the bush recession, where they fought two wars that weren't on line, they gave tax cuts to the primarily upper levels, and didn't have a funding mechanism and then wonder idea we as a economy crashed. it was the same order of thinking. give the tax cut but don't worry about paying for it. that sounds like recent history repeated. >> stephanie: right. >> i just think we're going into the danger zone. >> stephanie: obviously facts and numbers supporting the president, including the unemployment rate falling to 7.8%. that's huge news, isn't it? >> i think it's great news. knowing that 7.8% is the lowest it
it really is stunning to try to fact check romney, right? >> the one that got me was the revenue reducing tax cut, and talk about this resulting growing of the base and, you know, it's -- it's so interesting that -- that the revenue-neutral concept is pretty much just nomenclature they are suggesting that as the tax base grows, in the future we'll recover revenues and therefore the tax cut will be paid for. well that sounds an awful lot like the bush recession, where they fought two wars...